Najib's decisions on SRC International investments never questioned by top management, Shahrol tells court

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Courts Crime News

Najib Razak,SRC International,Shahrol Azral Ibrahim Halmi

A group accused of a real estate fraud scheme conspired to steal at least 10 homeowners’ identities and sold their properties “out from under them” without permission, US federal officials said.

KUALA LUMPUR: Datuk Seri Najib Razak's decisions relating to investments by SRC International Sdn Bhd were not questioned by the company's top management, the High Court heard.

It named Najib along with its former directors Datuk Suboh Md Yassin, Mohammed Azhar, Nik Faisal Ariff Kamil, Datuk Che Abdullah @ Rashidi Che Omar, Shahrol Azral and Tan Sri Ismee Ismail in May 2021. Additionally, Najib has brought the former named SRC International directors as third-party respondents in the suit.The company is seeking damages, interests, costs and a court declaration that Najib is responsible for the company’s losses due to his breach of duties and trust, and is demanding that Najib pay back the US$1.18bil in losses that it has suffered.

 

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